Arweave Price Tops $39.81 on Top Exchanges (AR)

Arweave (AR) traded 11.1% higher against the U.S. dollar during the 24-hour period ending at 16:00 PM ET on May 5th. In the last seven days, Arweave has traded up 8.2% against the U.S. dollar. One Arweave coin can now be bought for approximately $39.81 or 0.00062472 BTC on major cryptocurrency exchanges. Arweave has a market cap of $2.61 billion and approximately $218.68 million worth of Arweave was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $63,728.20 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.3% against the dollar and now trades at $466.64 or 0.00732240 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $64.50 or 0.00101204 BTC.
• eCash (XEC) traded down 2.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.6% against the dollar and now trades at $0.20 or 0.00000315 BTC.

Arweave Coin Profile

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2018. Arweave’s total supply is 65,454,185 coins. Arweave’s official message board is medium.com/@arweave. Arweave’s official website is www.arweave.org. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here.

According to CryptoCompare, “Arweave (AR) is a decentralized storage network that provides permanent, immutable data storage. Founded in 2018 by Sam Williams and William Jones, the platform uses a modified version of blockchain, the “blockweave,” for everlasting data storage. Its key offering is the guarantee that data such as documents, apps, and valuable information will be preserved indefinitely, an invaluable feature for applications requiring data immutability and permanence. The AR token, Arweave’s native cryptocurrency, is an integral part of the network, enabling users to pay for storage and bandwidth, stake in consensus mechanisms, vote on network upgrades, tip content creators, and transact in the Arweave marketplace. This innovative data storage solution presents a sustainable, tamper-proof, and genuinely permanent data preservation alternative to traditional cloud services.”

Buying and Selling Arweave

It is usually not possible to purchase alternative cryptocurrencies such as Arweave directly using US dollars. Investors seeking to trade Arweave should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView